Stocks on the Run: xG Technology Inc (XGTI), InterCloud Systems Inc (ICLD)


xG Technology Inc (NASDAQ:XGTI):

The company’s RSI reading has hit 52.39. The stock edged higher by 26.31% to close previous trading session at USD 0.133.

The shares of the company fluctuated in the range of USD 0.09 and USD 5.64 in the course of 52 weeks. Over the three months, the company’s shares have declined by -44.28% and in the past one year, it has lost -95.25%. Additionally, the stock’s year to date performance has declined -40.49%. Over the last five days its shares have surged by 37.68% and in the past six months it has moved down -76.87%.

Further, the company is trading at a price to book ratio of 0.07. The stock’s weekly volatility is calculated as 25.25% and monthly volatility as 20.30% with ATR of 0.02, beta of -0.17 and price to cash ratio of 2.76.

xG Technology Inc (XGTI) develops communications technologies for wireless networks worldwide. The company’s intellectual property is embedded in proprietary software algorithms designed to offer cognitive interference mitigation and spectrum access solutions to organizations in a various industries, including national defense and rural broadband. Its products include xMax, a mobile voice over Internet protocol (VoIP) and broadband data system that utilizes an end-to-end Internet protocol (IP) system architecture, which incorporates OFDM and multiple in multiple out and orthogonal frequency-division multiple to increase interference tolerance, allow mobility, and improve resistance to fading. The company’s xMax comprise CN5100 mobile hotspot, a device that allows users of Wi-Fi enabled smartphones, tablets, notebooks, and other devices to access the Internet through the xMax cognitive radio network; CN3100 vehicle modem, which acts as a transparent protocol bridge allowing users of WiFi-enabled devices to access the Internet through the xMax cognitive radio network; CN3200 dual-band routing modem for use in fixed and mobile applications; CN1100 Access Point, an IP wireless access point that delivers wide area coverage and broadband throughput for fixed, nomadic, and mobile applications; and CN7000 Mobile Control Center, which controls the delivery of voice and data services, and manages various elements in the regional network.

InterCloud Systems Inc (NASDAQ:ICLD):

The stock increased by 22.47% to close last trading session at USD 1.09. The company’s shares oscillated in the range of USD 0.91 and USD 1.15 during intraday trade.

A total of 2.37 million shares exchanged hands, above its 3 month average volume of 390,595.00 shares. Over the last five days its shares have surged by 47.31% and in the past six months it has moved down -43.52%.

Furthermore, the stock has weekly volatility of 16.40% and monthly volatility of 12.83% with ATR of 0.09. The stock’s RSI is 80.10 and distance from 50-day simple moving average is 76.51%, whereas its distance from 20-day simple moving average is 66.81% and distance from 200-day simple moving average is -27.56%.

InterCloud Systems Inc (ICLD) announced that it was recently awarded over $2.1 million in new contracts for professional services in connection with the deployment of state of the art Distributed Antenna Systems (DAS) and next-gen WiFi networks for existing customers.  A majority of the work is expected to begin immediately.

Mark Munro, CEO of InterCloud Systems stated: “InterCloud’s pipeline of new business continues to provide multi-million dollar business opportunities for our sales organization. The massive expansion in use of smart mobile devices has increased the demand for carrier and enterprise WiFi usage. This has created security risks and the need for next-gen WiFi and DAS networks with deeper security and agility. InterCloud is in position to capitalize on the growth with our unique cloud managed WiFi offering. Additionally, with the influx of cash from our recently announced asset sale, the Company is well capitalized for our continued growth and now has the ability to strategically seize upon new opportunities”.